GBP/USD Price Forecast – The British Pound Gives Up Early Gains - BitcoinEthereumNews.com
KabuhayanPagtataya ng Presyo ng GBP/USD – Ang British Pound ay Bumigay ng Maagang Mga Nadagdag05 / 17 / 2022Balita ng Ethereum ng BitcoinBritish Pound vs US Dollar Teknikal na Pagsusuri Ang British pound initially tried to rally during the trading session on Monday but gave back early gains as we continue to see a lot of resistance above. The market has a ton of resistance just above, and therefore it is difficult to imagine a scenario where I would be a buyer. At this point, I would anticipate that the British pound is going to trade down to the $1.20 level, but we may get a short-term rally between now and then. In fact, I believe that the $1.26 level above is a bit of a ceiling in the market, with of course the $1.25 level offering a certain amount of psychology in the market that will have to be paid close attention to. Given enough time, the market will see plenty of sellers jump back into the market as the reserve continues to tighten, and of course, is probably one of the most hawkish central banks in the world right now. Adding more downward pressure is the fact that there is a